If you’re in Zambia and interested in gold, knowing the current prices is key. The price of gold per gram in Zambia is important for investing or buying gold. Today, gold costs 2,303.12 Zambian Kwachas (ZMW) per gram. This is a 0.2% increase from yesterday.
The market is a bit shaky today. The highest price was 2,309.66 ZMW, and the lowest was 2,293.06 ZMW. This shows a price swing of 16.60 ZMW.
The exchange rate is 1 USD = 27.12 ZMW. This makes gold in Zambia very affordable for both local and international buyers. Knowing the Zambian gold market well is vital for smart investing.
Key Takeaways
- The current gold price per gram in Zambia is 2,303.12 Zambian Kwachas (ZMW).
- Today’s gold price has increased by 0.2%, with a price change of +4.50 ZMW.
- The market volatility status is medium, with today’s high price at 2,309.66 ZMW and low price at 2,293.06 ZMW.
- The current USD to ZMW conversion rate is 1 USD = 27.12 ZMW, making the Zambian gold market accessible to both local and international investors.
- Understanding the dynamics of the Zambian gold market is crucial for making informed investment decisions.
Current Gold Market Overview in Zambia
The gold trading Zambia market is always changing. Prices go up and down for many reasons. On Tuesday, December 3, 2024, the price for gold bullion Zambia was ZK71,504 per ounce. This is more than 47% higher than last year’s price of ZK48,398 per ounce.
The gold investments Zambia market links to big trading centers worldwide. Places like Tokyo, London, and New York. Prices in Zambia change every minute to keep up with global markets. This helps Zambian investors and traders make smart choices about gold trading Zambia.
| Gold Price in Zambia | Today | Yesterday | 30 Days Ago |
|---|---|---|---|
| Per Ounce | ZK71,621.90 | ZK71,494.30 | ZK74,631.26 |
| Per Gram | ZK2,301.70 | ZK2,296.10 | ZK2,396.58 |
The gold trading Zambia market is quite active. Prices change due to many things. Like the world economy, how much gold there is, and big world events. People in Zambia are watching the market closely. They want to find good times to buy and sell gold to grow their gold investments Zambia.
Price of Gold in Zambia Across Different Weight Units
In Zambia, gold prices change based on weight. It’s important for investors and those interested in gold to know this. We will look at the usual weights and how gold is traded in Zambia.
Standard Weight Measurements
The usual weights for gold in Zambia are:
- 1 gram: 766,289.81 Zambian Kwacha
- 1 ounce: 23,909,517.84 Zambian Kwacha
- 1 kilogram: 764,994,817.34 Zambian Kwacha
Common Trading Units
Gold in Zambia is also traded in these units:
- Tola: 26,863.27 Zambian Kwacha
- Baht: 33,879.96 Zambian Kwacha
- Grain: 149.24 Zambian Kwacha
- Ratti: 419.17 Zambian Kwacha
For bigger amounts, the prices in Zambia are:
| Quantity | Price (Zambian Kwacha) |
|---|---|
| 5 grams | 3,831,449.04 |
| 10 grams | 7,662,898.09 |
| 50 grams | 38,314,490.44 |
| 100 grams | 76,628,980.88 |
Knowing how gold prices work in Zambia is key. It’s important for those into the Zambia precious metals market or gold mining.
Gold Purity Rates and Pricing Structure
Understanding gold prices in Zambia is key. It’s all about purity levels and cost. The market here has many choices for different tastes and budgets.
24-Karat gold is the top choice, with 99.999% purity. It costs 2,303.08 ZMW per gram. For a less expensive option, 22-Karat gold with 91.67% purity is 2,111.33 ZMW per gram.
| Gold Purity | Price per Gram (ZMW) |
|---|---|
| 24-Karat (99.999% pure) | 2,303.08 |
| 23-Karat (95.83% pure) | 2,207.12 |
| 22-Karat (91.67% pure) | 2,111.33 |
| 21-Karat (87.5% pure) | 2,015.19 |
| 18-Karat (75% pure) | 1,727.31 |
| 14-Karat (58.33% pure) | 1,343.46 |
| 10-Karat (41.67% pure) | 959.62 |
| 9-Karat (37.5% pure) | 863.65 |
| 8-Karat (33.33% pure) | 767.69 |
| 6-Karat (25% pure) | 575.77 |
The Zambian gold market prices change due to many factors. These include global trends, local demand, and currency rates. You’ll find many gold products, like jewelry and coins, priced by purity.
Whether you’re investing, love jewelry, or want to add elegance, Zambia’s gold prices and cost of gold have lots to offer. Explore and find the value of gold.
Historical Price Trends and Market Analysis
The gold price in Zambia has changed a lot over time. Last year, it went up from ZK48,398 to ZK71,504 per ounce. The highest price was ZK75,065 per ounce on November 22, 2024.
These changes are due to many things. Global economic conditions, world events, and how much gold is available and wanted play big roles. This affects gold trading Zambia and gold investments Zambia a lot.
Price Evolution
Gold prices in Zambia are set by big market players. They are in places like Tokyo, London, and New York. Right now, gold is ZK71,504 per ounce in Zambia.
Gold prices change all day. This is because gold is traded all over the world, 24/7, 5 days a week.
Market Influencing Factors
Experts say 5-10% of your money should go to commodities like gold. It’s good to mix things up based on how much risk you can take. Gold prices in Zambia change because of how much is available and how much people want it.
Also, gold prices can be different in different places. Even though these differences are small, they can help traders make money.
| Time Period | Gold Price (ZK/ounce) |
|---|---|
| Current (2023-12-04) | 71,504 |
| Previous Year (2023-12-04) | 48,398 |
| Highest in Last 8 Years | 75,065 (Nov 22, 2024) |
“Gold prices in Zambia are a complex but potentially rewarding investment option, influenced by both local and international market forces.”
Conclusion
The gold market in Zambia has many investment chances. Gold prices are going up, with 24-Karat gold at 2,303.12 ZMW per gram. This shows the market is changing, affected by local and global events.
Investors should keep up with gold price changes in Zambia. Gold can be a good part of a mixed investment plan. Zambia’s mining history, especially copper, has seen ups and downs. But, with the right plans, the economy can grow.
If you’re looking into gold investments in Zambia or just watching the market, knowing the current situation is key. It helps you make smart choices and understand the precious metals market in Zambia.
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